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119,983 SF Turns Around Tenant in Five Days

DENVER-The loss of a 119,983-sf tenant can be devastating, but it has taken just five days to fill the spot in the northeast corridor. Nationwide Distribution Logistics is picking up the industrial space that had freed up due to a bankruptcy.

By John Rebchook | Updated on February 19, 2001

Denver-Nationwide Distribution Logistics has leased 119,983 sf of industrial warehouse space from the Etkin Johnson Group in Denver’s northeast corridor.

“We had been leasing the space to another company, Burnham Service Co. Inc., and it went bankrupt,” Dick Rudolph, who heads leasing for Etkin Johnson, tells GlobeSt.com. “Within five days after they rejected our lease, we had found Nationwide for the entire space at a very darn good market rate,” Rudolph says.

Burnham had been around since the 1920s and had been in the building before Etkin Johnson–one of the largest and most aggressive local investors and developers of real estate–bought the building seven years ago, Rudolph says. “They weren’t a new economy company,” he notes. “They were an old company that warehoused equipment and supplies. If you were Xerox, and you bought a ton of coffee machines, for example, they would store it for you.”

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